In its presentation of its annual study of trends on the top 40 global mining companies, accounting group PWC noted that based on last year’s numbers there were two types of companies; the haves and have nots. The haves are predominantly Chinese companies, as well as Vale and BHP, those with a lot of excess cash to buy promising opportunities should they come along.
However, it does not really seem as if promising opportunities are coming along that frequently, or at least opportunities that seem promising enough for companies to abandon their new sense of caution. Those companies with promising projects are hanging onto them, trying to see out the downturn, rather than being forced into a sale of desperation.
We live in a culture where more is usually better. Bigger cars and SUVs, more choices when shopping on the web, super-sized burgers at the fast food place - and even bigger clothes to contain our bodies after we consume all the super-sized burgers!
Is bigger usually better? Is bigger better when it comes to metering and AMR? That’s what we thought in the 1980s. Keep piling on the features – the accumulators, registers, data ports, display options, tamper detection mechanisms, internal clock/calendars, interval metering capabilities, load control outputs. Competition? My feature list is longer than yours!
The Kenyan power system has an effective generation capacity of 1,031 MW, comprising 641 MW of hydro, 262 MW of fossil-thermal and 128 MW of geothermal plants. Peak power demand stands at 920 MW.
Following restructuring of the power sector in the 1990s, public-owned generation assets are vested in the Kenya Electricity Generating Company (KenGen), which supplies about 80% of total energy. Three independent power producers (IPPs), a sugar factory and imports from Uganda provide the balance. All public-owned transmission assets are vested in the Kenya Power and Lighting Company Limited (KPLC), responsible for transmission and distribution functions countrywide. The Government of Kenya (GoK) owns 51% of KPLC shares and the 49% private shares are traded on the Nairobi Stock Exchange (NSE).
Having recently switched from investment banking on Wall Street in New York to leading a corporate team on Willis Street in Wellington, I am often asked to compare the quality of life and business climate between the two, and I always answer with a question – why did we not make the move years ago? Therefore, as a new and somewhat objective observer, I offer my first impressions of the utility industry in my adopted land down under.